I know quite a few of my regular readers are aspiring writers and as such, are writing or have written books of their own. In light of this, I think a few of you may find Dee’s post on Bookhabit and its ‘financial model’ interesting. Specifically this excerpt:
Bookhabit’s author pay-out model is deliberately structured to keep most of those royalties within the site itself. When signing up, you the author agrees that Bookhabit doesn’t have to pay you until you’ve earned a stored total of $50 in revenue. [..] Bookhabit, in fact, encourages its authors to use their pre-$50 revenue to buy other books from the site. In other words, the whole place is essentially set up like one big pyramid scheme with Bookhabit itself the only one ever really making any money.
Hopefully you’ll be able to use the post, and the comments in response to it, to figure out if it’s somewhere you’d like your own book(s) promoted/sold.